Sen. Bernie Sanders proposed a constitutional amendment today that would overturn Citizens United and make it clear that corporations are not people.
Sen. Sanders’ proposed Saving American Democracy amendment states,
SECTION 1. The rights protected by the Constitution of the United States are the rights of natural persons and do not extend to for-profit corporations, limited liability companies, or other private entities established for business purposes or to promote business interests under the laws of any state, the United States, or any foreign state.
SECTION 2. Such corporate and other private entities established under law are subject to regulation by the people through the legislative process so long as such regulations are consistent with the powers of Congress and the States and do not limit the freedom of the press.
SECTION 3. Such corporate and other private entities shall be prohibited from making contributions or expenditures in any election of any candidate for public office or the vote upon any ballot measure submitted to the people.
SECTION 4. Congress and the States shall have the power to regulate and set limits on all election contributions and expenditures, including a candidate’s own spending, and to authorize the establishment of political committees to receive, spend, and publicly disclose the sources of those contributions and expenditures.
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- Public Discussion (137)
In a statement Sen. Sanders said, “There comes a time when an issue is so important that the only way to address it is by a constitutional amendment.” Sanders said of the effort to override the court decision that he labeled “a complete undermining of democracy.”
Here and there, momentum to overturn this thing is picking up steam.
- 60 votes
Great Seed MWeaver.
I'll call my Senators, but Cornyn is so deep in the pockets of Corporate America that he can't hear for the 'lint' in his ears. And lame duck Hutchison has the worst voting record in the Senate.
No hope there, so I guess I will just contribute to my favorite progressives' campaign funds.
- 23 votes
I'd go to the wall for Bernie Sanders. Let's hope we can get some steam/support for this amendment proposal.
- 29 votes
An amendment is a high hurdle, this is the right thing to do, but it will require a huge effort. Americans must unite against Citizens United.
- 24 votes
Write to your own Congresspersons at this link:
http://www.contactingthecongress.org/
Let them know how you feel about this. It just takes a few seconds - I already did it.
MWeaver,
Excellent seed, and really good news.
Enough. Corporations are not people. Sanders is a national treasure, and we must support him if we want to keep our own voices in our government. Now let's all get to work on this.
- 18 votes
One of the most sensible and far-reaching piece of good legislation proposed in a while. Citizens United is warping the fabric of American politics like a super-massive political black hole sucking in everything around it.
- 14 votes
An amendment is a high hurdle, this is the right thing to do, but it will require a huge effort. Americans must unite against Citizens United.
Agreed on all accounts.
- 7 votes
Write to your own Congresspersons at this link:
http://www.contactingthecongress.org/
Let them know how you feel about this. It just takes a few seconds - I already did it.
Thanks for stopping buy, and that's great advice.
- 11 votes
Sure, we ARE including unions and newspapers into this, right?
- 8 votes
Absolutely, you're on my side here MRR you just don't know it yet.
IMO, if you don't have a heartbeat, you don't get to vote or donate. It better be from Mr/Ms Somebody.
- 10 votes
Unions? Obummer?? Newspapers???
Jeez...
Like a living breathing talking points memo.
- 17 votes
Ahhh, but newspapers pretend that it is a biz as usual when they write front-page full-out ad to support the Obummer, giving away millions of dollars of free advertisement.
And that's off topic. I don't care what they are posting/reporting. I don't care if it's Fox News or MSNBC, I only care about their ability to donate to politicians.
- 17 votes
Overturning the decision to give corporations the option to contribute unlimited amounts of money to elections campaigns is absolutely necessary. They were basically pimping out our democracy to the highest bidder. In this case, that means the Koch brothers, ExxonMobile, big oil, big coal, etc... This decision was handed down by five conservative Republican promoted judges who swore that they would not legislate from the bench. We need to overturn the decision and seriously consider impeaching those five judges. They are anti REAL democracy.
They are pro CORPORATOCRACY. Like the rest of the Teapublicans-Republicans. That has NO rightful place in America.
- 14 votes
Going to be interesting watching TeaPublicans squirm and GOPPACS dumping $$$ into their coffers.
- 12 votes
Can't we have Bernie for attorney general or something? What a great mind he has!
- 11 votes
Ahhh, but newspapers pretend that it is a biz as usual when they write front-page full-out ad to support the Obummer, giving away millions of dollars of free advertisement.
Right Wing White Noise, automatically delivered in the presence of facts and ideas. The topic was Sen. Saunders' amendment to counter corporate personhood.
- 11 votes
Poor Bernie, bless his good heart. He is such a great congressman, and he is trying to do what is right of America and its people, but, he will be crucified by the GOPTeaBags for even trying to put anything like this up for a vote. They would even sell Norquist to the Devil rather than give up all the corporate millions that goes into their election coffers, and their own personal coffers. They will do everything in their power, legal and illegal, to prevent it even coming to the floor, much less see the light of day for a vote.
I got an email from Move to Amend of the following:
"Yesterday the Los Angeles City Council voted unanimously to support Move to Amend's resolution calling on Congress to amend the Constitution to clearly establish that only living persons -- not corporations -- are endowed with constitutional rights and that money is not the same as free speech. The vote makes Los Angeles the first major city in the U.S. to call for an end to all corporate constitutional rights!
In a press conference after the vote, Council President Eric Garcetti stated:
"I want to thank Move to Amend and this entire coalition that has come together... Every struggle to amend the constitution began as just a group of regular Americans who wanted to end slavery, who thought women should vote, who believed that if you're old enough to be drafted, you should be old enough to vote. These are how American amendments move forward from the grassroots when Americans say enough is enough.
http://movetoamend.org/news/los-angeles-city-council-calls-constitutional-amendment-end-corporate-personhood
We're very proud to come together and send a message but more than that, this becomes the official position of the City of Los Angeles, we will officially lobby for this. I also chair a group which oversees all the Democratic mayors and council members in the country and we're going to share this with all our 3,000 members and we hope to see this start here in the west and sweep the nation until one day we do have a constitutional amendment which will return the power to the people.
Click here to watch the press conference video!" http://movetoamend.org/news/move-amend-la-press-conference-following-historic-vote-video
I am hoping and praying that there will be more counties across America that will join the effort and send a message to Congress that the ,majority of the American people want end the corporations are people too lie, and end their wrongly approved rights that equal, and are allowed to supersede the constitutional right of the American people, and that their money is equal to free speech.
- 9 votes
I wish you guys could see it for what it is. It's a public union busting bill.
If unions can't contribute to election funds anymore - because they are
other private entities established for business purposes
They wont be able to hold elected officials hostage for campaign contributions. If they can't hold campaign contributions over their head, they have no leverage at the collective bargaining table. I believe we'd see a lot more Governor Walker-type legislation.
And that's off topic. I don't care what they are posting/reporting. I don't care if it's Fox News or MSNBC, I only care about their ability to donate to politicians
A full front-page op-ed in support of one politician or the other, that would've sold for tens of millions as a commercial ad-space is not a donation? Are you sure about the topic we are discussing? Or do you want to otlaw only direct $$$ donations and leave the door open for your liberal friends in the mainstream media? Also what are you going to do about PACs who are not directly associated with the campaigns, but still play the game?
- 1 vote
It's a public union busting bill.
Finally. Got get rid of this form of testicular cancer.
- 1 vote
For a legal analysis of why this bill may shut down Newspaper Editorials look here.
The bill is so laughably and badly written. Not only is there the issue that the amendment could very well invalidate all newspapers due to provision 1 conflicting with provision 2, there is a bigger issue:
It is important to recognize that section 1 of this proposed amendment would remove the right of property and of illegal search and seizure to any corporation or business in general.
The rights protected by the Constitution of the United States are the rights of natural persons and do not extend to for-profit corporations, limited liability companies, or other private entities established for business purposes
This section of the code essentially states that anyone engaged in business is not afforded the 4th and 5th amendment protections. This would open up a huge swatch of issues in regards to imminent domain as well as the government searching any business it does not agree with. There would no longer be any protections on business owners from the government at all.
Imagine the Government going to GE and giving the business to a crony of theirs, after all the GE corporation is no longer afforded the right against seizure.
This is a very badly written amendment.
Jesse,
Businesses and all their possessions are owned by people. Therefore no business or any part of it could be illegally searched or seized as it would violate the owners rights. All this says is that the business itself isn't afforded the rights.
I can see where editorials could be affected by this. But it would have no affect on the press reporting the news about the election. If anything it would just prevent the editors and writers from choosing a side and favoring them in the news. The candidates could still bash their opponents all they want and sing their own praises, the paper just couldn't pick a side.
- 2 votes
on the "Citizen's United case"...
here:
http://www.citizensforethics.org/pages/search-results?cx=012852851039939669615%3Ai48p-3mtx2s&cof=FORID%3A11&ie=UTF-8&q=citizens+united+case&sa=Go%21
stories for you..
- 1 vote
Businesses and all their possessions are owned by people. Therefore no business or any part of it could be illegally searched or seized as it would violate the owners rights. All this says is that the business itself isn't afforded the rights.
This is one of the most contradictory statements I've read lately. On one hand you say the business owners retain collective rights as against illegal search and seizure because they are people yet they don't when it comes to speech...
After all they are still people, an association of individuals in business together.
This proposed amendment does not differentiate what rights are retained businesses and which aren't. It says they have NONE.
- 1 vote
If we really want to do the calculus of the situation, a corporation shields its investors from personal liability. That is society's "investment" in the corporation. How much is that shield worth? That's how much a corporation owes to society, as compared to what it owes its owners. It's not absolute in either direction; the balance rests somewhere in between.
If we really want to do the calculus of the situation, a corporation shields its investors from personal liability. That is society's "investment" in the corporation.
What exactly is society's investment because investors are only shielded from liabilities extending beyond the value of the company and legal proceedings because in general, the investors are not in operational control. By the standard terms of incorporation, society has no investment. If a corporation does something illegal it's the officers of that corporation who are responsible, not the investors.
But as investors, they still retain the right of assembly and free speech...
- 2 votes
What exactly is society's investment
You answered your own question. If you need further clarification, read-up the impact of Chapter 7 filings on creditors.
I doubt that they will vote to cut their own kickbacks, but I do want to see a list of those voting against.
- 24 votes
If enough of the public demands it they will, getting their ass kicked out of office would also cut their kickbacks. ;-)
- 19 votes
Just sent emails to both my senators requiring their support for the amendment.
Lets see how Fox, Rush, and the pubs/baggies spin this one as being the wrong choice for Americans.
- 18 votes
I sent one to mine as well... but he was probably already going to support it. lol
- 5 votes
Sanders isn't the only voice or person working toward the goal of returning the power to the people. Sign up here and join the cause, create or attend an event near you to spread the word and the effort: http://movetoamend.org/
- 7 votes
If he adds unions then I'm in favor of it.
- 7 votes
I would argue that unions would be covered by this proposal.
The rights protected by the Constitution of the United States are the rights of natural persons and do not extend to for-profit corporations, limited liability companies, or other private entities established for business purposes or to promote business interests under the laws of any state, the United States, or any foreign state.
a) It would be quite a stretch to say unions are natural persons, and b) unions, at least in a sense, promote business interests. Their members are interested in selling their labor.
- 7 votes
fredegrar, agreed it seems to cover it, but having no faith in politicians. I would much rather see it spelled out. Corporations and Unions are not people.
- 8 votes
If it says INC after the name.. it is a corporation. Why exactly do you feel the need to politicize a topic that we basically all agree on?
- 3 votes
Unions essentially ARE corporations, they are a business that provides services to its members. They are legal fictions like corporations.
- 3 votes
Are unions incorporated? Yes. Why is this a Republican talking point every last single time there is a discussion on Newsvine, as if the Democrats are trying to outlaw the GOP corporate sponsors only??? Legally there is no way to do that. And this also includes George Soros' corporations.
- 7 votes
And this also includes George Soros' corporations.
Don't forget ACORN. Never mind that they bit the dust a couple years ago... most Republicans still seem to think they're around manipulating the vote like it was the Tammany Hall days. Well, non-profits aren't "natural persons" either...
- 4 votes
Why is this a Republican talking point every last single time there is a discussion on Newsvine, as if the Democrats are trying to outlaw the GOP corporate sponsors only?
I would say it's because whenever a Republican suggests something similar they're met with shouts of union busting and an attack on the middle class.
- 1 vote
Matt: Probably because their policies and laws are aimed DIRECTLY and ONLY at unions while either leaving corporate interests alone or actively pursuing the agenda of said corporate interests.
- 5 votes
Probably because their policies and laws are aimed DIRECTLY and ONLY at unions while either leaving corporate interests alone or actively pursuing the agenda of said corporate interests.
You'd have to have a policy or law to point at before making that statement, to my knowledge, there are none - you're welcome to find a couple to enlighten me though. From my perspective they're shouted down before anything gets written down.
- 1 vote
http://host.madison.com/ct/news/local/govt-and-politics/article_bd72b5b6-c769-11e0-8265-001cc4c002e0.html%20
- 3 votes
http://host.madison.com/ct/news/local/govt-and-politics/article_bd72b5b6-c769-11e0-8265-001cc4c002e0.html%20
Unrelated to campaign finance. The only thing it has that relates to campaign financing is:
It also ended the practice of mandatory union dues, which promises to dry up funds used for lobbying and campaign financing.
Which is a direct corollary to, how many liberals are boycotting Target, Home Depot, Wal-Mart, Koch Industries, etc.,? The only difference of course being that there's no ramifications for boycotting a corporation while there is for boycotting a union.
- 1 vote
I say either they are not people, or if they are, when convicted of a crime, they go to jail. how do they go to jail? every person in an executive position gets thrown in the Big House. not only that, but the corporations jail is suspension of all business and revenue, period, for the same amount of time as the prison sentence of the CEO (or president, or whatever). All monies that are accrued as part of previous business goes to the federal government.
- 11 votes
Once again... corporations were given privilege without being able to be held responsible for their actions. Something the individual can't excape. Exactly what what Citizens United was all about.
- 13 votes
We need to go back when the only money came from are taxes. Carter and Reagan was the last time this was done. Reagan second term special money came in.
- 5 votes
I'll believe that corporations are people when Texas executes one.
- 6 votes
Michelle,
That would be a cold day in Rick Perry's Hell!
Regards
- 6 votes
Senator Sanders has always made sense. He has always sided with the middle ands working class.
Healthcare reform: Singla Payer - removes those ghastly "death panels" the right seems to be so scared of, yet support by resisting HCR. The ones who resist HCR want competition, yet are too obtuse to see that there isn't any now, and hasn't been for some time. The largest ones all agree to do things TOGETHER. That's not competition, that's rigging things. At our expense.
Get rid of CU: Corporations get all the rights, but none of the responsibilities. If anyone breaks the law, they go to jail. Not corporations. Remove corporate money from politics, and there is no more corruption. Simple.
Reinstitute Glass-Steagall, or something just as restrictive, if not stricter. Wall St and the banks have not shown they can be trusted when left unregulated. And unpunished. Make the punishments draconian, and you'll see no more corruption.
Teabaggers should be flocking to support Bernie Sanders. He wants to return things to a better time, when the American dream still existed. So where are they?
Oh, yeah....Getting their daily dystopian fix from Fox "news."
- 13 votes
Monkey99 - A-1 commentary. I'll add a cherry atop, even though it's been said by someone else here on the vine and whose handle I don't recall.
"When I see a corporation being electrocuted in Texas, maybe then I'll cut the SCOTUS some slack on their dumbass decision".
BTW, it's been heavily paraphrased and expanded by me, though the gist of what was originally said remains intact. Thank you all, especially Mr. Sanders.
- 7 votes
I'm just repeating the central issues. I take no credit for any of it, because Senator Sanders can easily say it better than I can.
I'm sure there are many who have said the same, because they are true. Notice the distinct lack of detractors to those points? After all the bluster has subsided, the truth of each of those is left. There is no dissent, because dissent is indefensible.
Even the bit about the teabaggers.
- 6 votes
Sanders is a red menace.
in this, he represents his constituents well.
- 3 votes
he is no menace , on most issues nobody pays any attention to him
- 4 votes
mitch j and bob-1478320
Do you, or do you not, think unions and corporations should be allowed to donate (in secret) massive amounts of money to your politicians?
- 10 votes
I generally do not insult other posters, but mitch j is the menace. He generally hits and runs with his one-liners, usually about "bam-bam."
redsfan: Thanks for this seed. I wrote my senators and representative, encouraging them to support Bernie Sanders. This is truly an important issue; Washington will remain broken until U.S. citizens are represented, not corporations, unions, and other special interests.
- 8 votes
I wrote my senators and representative, encouraging them to support Bernie Sanders. This is truly an important issue; Washington will remain broken until U.S. citizens are represented, not corporations, unions, and other special interests.
Amen!
- 5 votes
Sanders is a red menace.
in this, he represents his constituents well.
Menace? Because he represents his constituents, while most of 'em represent the banksters?
I have to say, I sometimes wonder about your logic.
- 10 votes
Mary:
Yep! And those one and two liner cheaps shots are usually hit and run with nothing to back them up. Its called trolling.
Republicans can't stand discussions like this where someone like Bernie Saunders can get praise in post after post after post. So they will try to jump in to divert attention. They are not trying to add to a discussion with substantive content, their only goal is derailing the discussion, diverting attention away from the main topic, insert brainless talking points.
- 10 votes
Keep going Mr. Sanders, real Americans love you and all that you do for us!!!!!!!!!!!!!
- 18 votes
rights of natural persons and do not extend to for-profit corporations, limited liability companies, or other private entities established for business purposes or to promote business interests under the laws of any state, the United States, or any foreign state.
Are non-profits excluded?? What other organizations are excluded from the above?
do not limit the freedom of the press.
Wasn't that what brought about Citizens United??
I'm all for campaign finance reform, but not seeing where this would benefit. It gives constitutional power to enact reforms to the very people needing reforms.
- 4 votes
Bernie, I wish you'd run for POTUS!!!
- 12 votes
I wish he were younger. If he were, I bet he'd run. (1941)
- 7 votes
Bernie Sanders (I-VT) is indeed an old-timer. He truly is the one and only full-fledged American politicians who embodies some of the old and some of the new and never had an eye for anything more than for the people of Vermont and the country in general.
He's part throwback to the country's glory days of the 70's and 80's and part of the country's dissension and turmoil of the 90's and 2000's.
Very sadly, most Americans view Bernie Sanders as someone who resembles your "senile great-grandfather" who somehow hangs onto life in his rocking chair, while you impatiently wait for your share of his modest wealth, that the executor will reveal after his ultimate demise.
And that is very, very sad, but ain't it the truth?
- 4 votes
....as someone who resembles your "senile great-grandfather"....
Nope, I save that description for the last GOP Presidential nominee.
- 11 votes
Take it a step further -
Only those with a social security number can donate to campaigns.
Then you also have the ability to trash anyone who votes against it as being for illegal immigrants donating to campaigns.
Politics is a lot like the Burn the witch scene from Monty Python.
"Who doesn't have a social security number?"
"Corporations! Unions! Dead people? I know - illegal immigrants!"
- 2 votes
Not to piss in your red popcorn but, corporations have tax ID numbers.. and so do many people who have had their identities stolen.
- 2 votes
Joe,
You do realize you just blew a big gaping hole through e-verify, right ?
Personally, I think JPAS is a much better and effective system, but that's a different argument for a different day.
Weaver, why is there a CIA ad by your post? Would Bernie's amendment stop you from collecting their ad dollars? Or is the CIA a person?
- 2 votes
Your post makes no sense. The ad is automatically placed there by newsvine's advertising engine.
- 6 votes
This is weak and dangerous and really does nothing to address the Citizen's United decision.
SECTION 1. The rights protected by the Constitution of the United States are the rights of natural persons and do not extend to for-profit corporations, limited liability companies, or other private entities established for business purposes or to promote business interests under the laws of any state, the United States, or any foreign state.
So corporations are now exempt from the search and seizure rules, have no right to a lawyer during court hearings and others. Paves the way for government takeover/ shutdown of ANY business for any or NO reason.
And what exactly are 'other private entities established for business purposes or to promote business interests'?
Citizens United is a non profit group not seeming to fit that description but 'promote business interests'? Any interest of PEOPLE is a business interest somewhere!
SECTION 2. Such corporate and other private entities established under law are subject to regulation by the people through the legislative process so long as such regulations are consistent with the powers of Congress and the States and do not limit the freedom of the press.
This is vague and doesn't really seem to say much, then again, could be saying more than any of us bargained for. Corporations are established under STATE laws. Federal government regulates industry, not corporations. And again, the term 'Other private entities' pops up, this time with no clause for being for the purposes of business.
SECTION 3. Such corporate and other private entities shall be prohibited from making contributions or expenditures in any election of any candidate for public office or the vote upon any ballot measure submitted to the people.
The already cannot contribute directly to campaigns. Also, we don't have ballot measures in Federal elections. Is this an attempt to take over State elections?
SECTION 4. Congress and the States shall have the power to regulate and set limits on all election contributions and expenditures, including a candidate’s own spending, and to authorize the establishment of political committees to receive, spend, and publicly disclose the sources of those contributions and expenditures.
Again vague, and dangerously so. What would be the process for authorizing the establishment of a political committee. I think my intention to run for office authorizes that. Now we have congress deciding who gets to run?
- 3 votes
It is vague but broad constructionists like it that way.
It has as much chance of passing as the Flag Burning Amendment or the repeal of the Second Amendment.
- 2 votes
If we had a Congress and Senate filled with Bernie's, we'd be in better shape than we are with the sorry lot of piss-poor sell-outs and criminals that pose as leaders today.
Geez people, that Blogo-guy with the big silly hair just got 14 years or something and he was just an amateur. Think of what all the "heavy-weight" politicians in DC should be receiving for their "service".
- 9 votes
This seems like a fair compromise regarding the issues raised. There is no real justification for preempting corporations from legislation and regulations that the people through their duly-elected officials enact. Corporations aren't people so they don't have human rights, so there is no substantive moral issue either.
- 2 votes
There is no justification for any corporation to keep it's charter if the overall effect of it's existence isn't a benefit to the nation. Why are corporate charters granted to begin with? Corporations allow for the pooling of capital in order to create a limited liability business activity, which presumably should benefit consumers, stimulate competition, grow the economy, and create jobs. But when they engage in activities that are polluting (BP), anti-competition, (Wall Mart, Microsoft), anti-democratic, (Haliburton), discriminatory, (pick one), and too big to fail, they should be broken up or just outright dissolved. Don't worry, we'll live.
- 5 votes
There is no justification for any corporation to keep it's charter if the overall effect of it's existence isn't a benefit to the nation.
That's deep, that's very deep - tell this to every mom and pop shop you ever visited, I am sure they'll appreciate you wisdom, tovarisch.
- 1 vote
Why, you don't think mom and pop shops benefit the nation? Why not? They contribute to the GDP, they compete fairly, unless shown otherwise, they provide employment. Why do you lump them in where they don't belong. I said nothing about fair-dealing, competitive, non-polluting commercial enterprises, so don't go off on your perverted interpretation of what I posted.
But thanks for the characterization about me, comrade.
- 4 votes
Why, you don't think mom and pop shops benefit the nation? Why not?
Unlike you, I have no doubt that they benefit the nation. Unlike you, I know for a fact it is neither in their charter nor in their mind when they formed it. As for the overall effect who is to judge? I am sure Blackwater's charter is to benefit the nation - and they did in their own way, which you are about to dispute.
- 3 votes
Economic activity, itself, benefits the nation. And as I said above, society's "investment" in the corporation is that shielding of investors from personal liability; society should receive return on that investment in line with how much that shielding is worth, and in line what the investors receive.
- 2 votes
Economic activity, itself, benefits the nation. And as I said above, society's "investment" in the corporation is that shielding of investors from personal liability; society should receive return on that investment in line with how much that shielding is worth, and in line what the investors receive.
Bravo! That's a point which is lost on many members of the Left. The government cannot generate economic activity because the government has no money and no product. The only money government has comes from taxes. Without the evil corporations and other businesses, there is no economic activity, and hence nothing to tax.
The usual reason for forming a corporation or an LLC / LLP is to limit personal liability. The shareholder of a corporation, member of an LLC, or partner of an LLP is liable, in most cases, only for the amount of money invested in the endeavor. That money is at risk: the investor can lose it all. But the investor usually can't be held liable for the corporate entity's liabilities (except in some cases of criminal activity).
The Left tends to believe that there is something evil about this. But it is what allows investors to fund enterprises that ultimately employ people and generate the economic activity that fuels society -- and government -- especially when the undertakings have a high risk of failure, as is often the case for emerging technologies, "green" energy, sustainable agriculture, and so forth.
Speaking of "green" technologies, let me ask a question: How many people here would invest in risky, "green" start-up businesses if not only their investment, but their entire net worth -- their bank accounts, their retirement money, their homes, the money they put away for their kids to go to college -- were at risk if the company were to fail? I sure wouldn't. So the concept of limited liability is vital even to the technologies by which the Left hope to save the earth itself.
That's why to those of us on the Right, this pervasive hatred of corporations and other businesses articulated by many of those of the left is baffling. Business fuels literally everything in our society. And yes, there are abuses, and even crimes, committed by some business entities. But the way to address those is through prosecution of the guilty, not by crippling the entire private sector.
- 3 votes
However, you missed half of what I wrote:
Economic activity, itself, benefits the nation. And as I said above, society's "investment" in the corporation is that shielding of investors from personal liability; society should receive return on that investment in line with how much that shielding is worth, and in line what the investors receive.
I'm not "on the left" or on the right. I'm actually a true moderate; hopefully the reflection of what a true consensus-builder would project. Corporations are good, because they contribute to (but contrary to what you implied, are not the only source of) economy activity, just like other types of companies. In addition, corporations must provide ROI to society specifically in return for the benefits society provides corporations that it doesn't provide to sole proprietorships and partnerships, commensurate both with the costs to society of providing that benefit and the value of that benefit to investors in corporations.
- 1 vote
society should receive return on that investment in line with how much that shielding is worth, and in line what the investors receive.
And how much is that and what exactly is that? What is the cost to society for providing financial/ legal protections to investors?
There are reasons they are afforded such protections and it has nothing to do with society 'providing' anything.
Shareholders generally have little to no say in day to day operations. Their ONLY affiliation with the company is most likely that of stock ownership. Therefore it stands to reason, the only liability they should have is the value of that stock ownership.
Sole proprietors and partners on the other hand ARE, by DEFINITION, involved with the day to day operation of the business and thus directly liable to for the business decisions.
If you owned stock in BP at the time of the oil spill, do you think you OWE society something for that spill when you had NO involvement? Many people are unaware of the stocks they carry in IRA's and 401k's. But they owe a debt to society for being owners or a corporation?
- 1 vote
And how much is that and what exactly is that?
Reasonable people disagree about how much and in what form. The first step, though, is to get the "unreasonable" people to grant that there is such an obligation, then we can focus on engaging in the give-and-take associated with determining precisely how much and in what form.
There are reasons they are afforded such protections and it has nothing to do with society 'providing' anything.
I can respect your preference that corporations be able to exploit the resources of society without the corporation structure being oriented to benefit society overall, but that's not just.
Therefore it stands to reason, the only liability they should have is the value of that stock ownership.
"I was just following orders," is not a valid defense for negative actions, and especially not for fostering through financial investment a pattern of disregard for what's best for society overall.
If you owned stock in BP at the time of the oil spill, do you think you OWE society something for that spill when you had NO involvement?
Rather, I respect the liability protection that the corporation structure affords investors, and acknowledge that that grants to society the right and obligation to ensure that the corporation structure is always oriented towards what is best for society overall.
- 3 votes
The foolishness goes back a long way, when the SCOTUS deemed corporation to be persons protected under the 14th Amendment, which was a property tax case, and which flies in the face of all logic, since the 14th Amendment was intended to address the status and equal rights of former slaves. I believe the case was Santa Clara County vs. Southern Pacific Railroad. The Court's written opinion didn't directly address the issue, although it was addressed in oral argument and it made it into the headnotes published with written opionion. Did someone get paid off?
- 4 votes
The clerk who added that note, btw, just happened to be a former railroad baron himself, and good friends with the chief justice.
- 4 votes
If the 14th Amendment just addressed former slaves' issues why is it still so prominent? Because it has been used to justify all manner of overreaching. I cannot envision the SCOTUS backtracking that far. Guess you are just going to have to live with the fly in the soup.
Since the proposed amendment does not even mention the Democrats' biggest contributor, the unions, and since it has an enormous loophole ("do not limit the freedom of the press"), I doubt it will get any serious consideration. It would be too contentious and too controversial.
I'm sure I'm not the only one that thinks it unfair that when multiple people are killed as the result of corporate greed (e.g., the gulf BP oil rig disaster, or the coal mine 29 last year) that these companies pay a fine and that's the end of it. This is basically a killing exemption for anyone smart enough to file corporate articles and pay a filing fee of $35. If even one person is killed by a non-corporate individual, whether it's based on malice aforethought, recklessness, willfullness, wantonness, or even negligence, they are looking at a term in jail. Even Michael Jackson's doctor is doing time, which is essentially not even intentional, just grossly negligent medical malpractice. However, if a corporation commits homicide, or intentionally hawks worthless sub-prime mortgage bonds through the front door while purchasing up credit default swap agreements on the same bonds through the back door, does any individual within the corporate defendant face the truly forboding penalty of jail time? The priveliges of corporation and of those who hide behind the corporate veil have so far outstripped those of ordinary working individuals in America, it's an abomination of the phrase, "free country." Yeah, it's a buy if your wealthy and incorporated, but ordinary citizens have already been relegated to a second class status. With corporations and their lobbyists literally writing legislation now, in large part, if not to all four courners of the document, it's no longer a free country for most of us.
Had Thomas Jefferson been successful in his endeavor to add "Freedom from Monopolies" to the Bill of Rights, we might be a little better off today, but even then, the bankers, led by the founder of 'trickle-down economics,' Hamilton, prevailed, and it was ommitted. Wall Street influences were extant at the Constitutional Convention. The first Wall Street bail-out was in 1791, under George Washington's presidency and engineered by Alexander Hamilton, the first Treasury Secretary. There had been rampant, unregulated speculation in bonds and when the bubble burst, the treasury bought up the distressed bonds making Wall Street flush with cash again. In 2008, it was George Bush and Hank Paulson. SSDD. After a quarter of a millenium, isn't it time the US become a people's republic?
- 4 votes
You are as ridiculous and uninformed as Ron Paul wanting to go back to the gold standard.
Bernie is just an old school marxist. In his world, marxism has never been a disaster everywhere that it has been tried.
- 3 votes
Evidence? Oh, I forgot. You righties don't believe in actual evidence to back up your BS claims.
- 7 votes
But they sure do hew true to all their most well trodden delusional paths, eh?
Taxes = Democrats, sorry... DemoCRAT.
Tax cuts = jobs and increased wealth for all. Yippee!!
Regulations = un-needed, businesses best regulates themselves. Didn't you KNOW that??
Government = cannot do anything right. We're just trying to help it succeed!
Christianity = what TEAbagsbelieve in is the natural law of the land; all other factions of religion are just meaningless devil spawned cults.
Politics = anything goes! but don't do "it" to us or we'll cry you a mighty river.
Corporations = People!
People = Communists (if they're not GOPbag "conservatives")
"Conservatives" = the only (real) people; those whose opinions actually matter.
Abortion = Murder!
Murdering Healthcare Providers = Working to God's Ends.
Patriots = Doing what we think is best for America; the rest of you are un-American sobs.
Science = just another godless religion
Global Weather Change = A massive conspiracy based on science
GWC deniers = thoughtful reasonable intelligent people.
Theory = a wild guess
Evolution = an unproven massive conspiracy based on science; just a theory
Creationism = accurate modern interpretation of God's Truths; a Fact.
etc etc et al...
- 6 votes
Joe, using logic on the true believers? Tell me how it turns out.
Michelle - please, please, please tell me how good the live in the Soviet Union was back then, or how great things are in China today. I can't wait to hear it.
- 1 vote
I lived in China for three years.
For the rapidly increasing middle class there (as opposed to the decreasing middle class in the United States), things are pretty good. Obviously, that can change for the better or worse at any moment.
- 3 votes
Roger, sometimes it works at least temporarily. For example, once one of them was going on about whites and slavery and I pointed out that free black Americans owned slaves too and she shut right up and deleted her comments.
I would rather the President issue Executive Order and risk legal action. there will be a vast majority to stop this pathetic subpreme court. The country cannot wait while these aliens proliferate.
- 5 votes
If the Republicans in Congress can't get behind this bill, I wonder if some of their followers will finally start to take a step to the left...
- 6 votes
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